Sheets Smith Wealth Management Invests $205,000 in Cohu, Inc. (NASDAQ:COHU)

Sheets Smith Wealth Management bought a new stake in Cohu, Inc. (NASDAQ:COHU) during the fourth quarter, Holdings Channel reports. The fund bought 7,690 shares of the semiconductor company’s stock, valued at approximately $205,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in shares of Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 535 shares during the period. US Bancorp DE grew its stake in Cohu by 59.7% during the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock worth $227,000 after buying an additional 3,297 shares during the period. GSA Capital Partners LLP increased its position in shares of Cohu by 34.3% in the third quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock worth $255,000 after acquiring an additional 2,532 shares in the last quarter. Meros Investment Management LP purchased a new position in shares of Cohu in the 3rd quarter valued at $257,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Cohu by 5.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock valued at $263,000 after acquiring an additional 419 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Trading Down 1.4 %

COHU opened at $24.53 on Thursday. Cohu, Inc. has a 12-month low of $22.80 and a 12-month high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The stock has a market capitalization of $1.14 billion, a PE ratio of -22.71 and a beta of 1.47. The firm’s fifty day moving average price is $26.16 and its 200 day moving average price is $26.73.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The company had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The business’s revenue for the quarter was down 36.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. As a group, research analysts expect that Cohu, Inc. will post -0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

COHU has been the topic of several research reports. The Goldman Sachs Group cut their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. TD Cowen decreased their price target on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. Needham & Company LLC lowered shares of Cohu from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $31.50.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.